This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Deal: European and Asian Stocks Edge Higher

LONDON (The Deal) -- European and Asian stocks edged higher Friday as U.S. federal government employees returned to work and after a Chinese GDP report showed the pace of economic growth in the world's No. 2 economy is accelerating.
In London, the FTSE was up 0.25% at 6,592.79. Miner Anglo American about fell 2.5% after a mixed third-quarter production report showed copper output was up 32% year-on-year but iron ore fell 24%, partly because of safety-related stoppages at its Sishen mine in South Africa.
In Frankfurt, the Dax was little changed at 8,814.28 and in France the Cac-40 was up 0.25% at 4,250.03.
Cap Gemini gained 3.4% after it said it was in exclusive talks to buy the IT services division of nuclear power-generation equipment supplier Areva. The would-be seller also gained more than 3%.
In Hong Kong, the Hang Seng closed up 0.95% at 23,314.49. A government report showed that Chinese GDP had expanded 7.8% in the third quarter, benefiting from a state stimulus package.
Growth accelerated from 7.5% the previous quarter and exceeded the state's annual growth target, which is also 7.5%
Shares in PC maker Lenovo fell 1.9% to HK$8.05 on a Wall Street Journal report that it is preparing a bid for Canada's BlackBerry (BBRY - Get Report). The smartphone maker last month agreed to be bought by a consortium led by Fairfax Financial Holdings for $4.7 billion but has since attracted bid interest from its founders.
In Tokyo, the Nikkei 225, which had largely shrugged off the U.S. debt debacle, gave up 0.17% of its value to close at 14,561.54.
 

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BBRY $10.38 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs